Summary of STIFEL FINANCIAL CORP

Item 2.02 Results of Operations and Financial Condition.

On August 8, 2012, Stifel Financial Corp. reported its financial results for the three months ended June 30, 2012. A copy of the related press release is attached hereto as Exhibit 99.1.

Stifel Financial Corp. will hold a conference call on Wednesday, August 8, 2012, at 5:00 p.m. Eastern time. This call will be available via a webcast, and slides can be accessed on the Investor Relations portion of the Stifel Financial Corp. website at www.stifel.com, as well as on all sites within Thomson/CCBN's Investor Distribution Network. All interested parties are invited to participate by dialing (800) 651-2240 and referencing conference ID #98861040. The investor presentation is attached hereto as Exhibit 99.2.

To supplement its financial statements presented in accordance with GAAP, the company used, in its investor presentation, certain non-GAAP measures of financial performance. The company believes that these non-GAAP measures will allow for a better evaluation of the operating performance of the business and facilitate a meaningful comparison of the company's results in the current period to those in prior periods and future periods. Reference to these non-GAAP measures should not be considered as a substitute for results that are presented in a manner consistent with GAAP. These non-GAAP measures are provided to enhance investors' overall understanding of the company's financial performance.

The exhibits are being furnished pursuant to Item 2.02, and the information contained therein shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.